USDCAD Correction Wave

By MaceOSX
Loonie is currently correcting. Bearish divergence on RSI. I'm expecting this to continue upward and complete the 5th wave of the flat correction. Waiting for confirmation of the reversal somewhere below the lower trend line (perhaps a pullback of some sort). The E wave may not be the last leg of this correction, so expect more sideways movement.
correctionElliott WaveIchimoku CloudlooniestructureUSDCAD

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